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Misselling brings actuary drought

The pensions misselling scandal has left a huge demand for actuaries forcing firms to go abroad to recruit staff, according to a recruitment agency.

Its being claimed hundreds of part-qualified and qualified South African actuaries are being targeted to help cope with the problem.

Demand for actuaries has surged since life offices have been forced to deal with a review of misselling personal pensions in 1994.

Recruitment agency GAAPS International chairman Geraldine Kay says: “There has always been a two-way flow between the countries, but at present double the number of South Africans are moving to the UK as are going home.”

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18th December 201812:39 pm

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